AMERICAN LATVIAN ASSOCIATION IN THE UNIT (EIN 530215408) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1951

Legal Domicile

Principal Officer

ANITA GRIVINS

Phone

3013401914

Tax Period

2024-01-01 to 2024-12-31

AMERICAN LATVIAN ASSOCIATION IN THE UNIT, founded in 1951, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. Net assets of $8.8M represent 94 months of operating reserves.

Mission

TO SUPPORT PROGRAMS FOR AND ABOUT THE NATION OF LATVIA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $409,040

Program Service Revenue $139,448

Investment Income $564,957

Other Revenue $7,904

TOTAL REVENUE $1,121,349

Expense Breakdown

Grants Paid $395,843

Salaries & Benefits $206,213

Fundraising Expenses $14,632

Program Expenses $891,833

Other Expenses $533,740

TOTAL EXPENSES $1,135,796

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,121,349	$784,218	+0.4%
Expenses	$1,135,796	$1,106,977	+0.0%
Net Income	$-14,447	$-322,759	-1.0%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✓ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$96,394

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTINS ANDERSONS	PRESIDENT	10.00	Officer Director	$0	$0	$0
ANDREJS KANCS	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
ANITA GRIVINS	TREASURER	10.00	Officer Director	$0	$0	$0
IEVA DEXTER - THROUGH OCT 2024	SECRETARY	5.00	Director	$0	$0	$0
KRISTINE GIGA THROUGH OCT 2024	FUNDRAISING DIRECTOR, MEMB	5.00	Director	$0	$0	$0
LINDA ZALITE - THROUGH OCT 2024	DIRECTOR OF INFORMATION OF	5.00	Director	$0	$0	$0
DZINTARS DZILNA	DIRECTOR OF PUBLIC AFFAIRS	5.00	Director	$0	$0	$0
ELISA FREIMANIS	DIRECTOR OF OFFICE OF EDUC	10.00	Director	$0	$0	$0
VALDA GRINBERGS	DIRECTOR OF OFFICE OF CULT	10.00	Director	$0	$0	$0
MIKELIS GIGA	DIRECTOR OF OFFICE OF SPOR	2.00	Director	$0	$0	$0
DIANA KARKLINS	DIRECTOR OF OFFICE FOR SUP	5.00	Director	$0	$0	$0
INESE STRAVELLI NONVOTING	DIRECTOR OF ALA CULTURAL F	5.00	Director	$0	$0	$0
RENATE GRAVERS NONVOTING	ALA LATVIAN MUSEUM VISITOR	5.00	Director	$0	$0	$0
INGRIDA HEINZE	SECRETARY	5.00	Director	$0	$0	$0
ALEKSANDRA MALINOVSKIS	MEMBERSHIP DIRECTOR	5.00	Director	$0	$0	$0
IEVA DEXTER	DIRECTOR OF INFORMATION OFFICE	5.00	Director	$0	$0	$0
MARISA GUDRAIS	EXECUTIVE DIRECTOR	40.00	Officer	$87,934	$8,460	$96,394

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$1,121,349	$1,135,796	$9,023,610	$-14,447
2023	$784,218	$1,106,977	$8,689,428	$-322,759
2022	$964,751	$1,231,992	$8,371,321	$-267,241
2021	$1,038,954	$1,192,428	$10,024,665	$-153,474
2020	$2,727,858	$931,725	$9,595,633	$1,796,133
2019	$1,848,233	$1,218,266	$8,320,436	$629,967
2018	$1,287,901	$1,407,733	$6,924,264	$-119,832

AMERICAN LATVIAN ASSOCIATION IN THE UNIT